The remarkable, bullish run of the euro was temporarily distorted on the dollar's recent upsurge coupled with poor economic data in the Eurozone. Germany and France – the largest and second-largest economies in the Euro Area, respectively – reported significant contractions in their industrial activities in August. The reported slump in French Services and Manufacturing PMI in addition to the sizable fall in [...]

The dollar has managed to ease its free fall over the last several days, which has prompted some traders to expect that the worst for the greenback is now over. Even though it would be premature to argue that a complete trend reversal is due, global developments could continue to affect the dollar positively in the near future. The Chair of the Federal Reserve Jerome Powell is due to deliver a speech [...]

The GBPUSD has been consolidating around the major resistance level at 1.31300 since the beginning of August, without being able to break out above it decidedly. In fact, there have been at least eight separate attempts of the price action at advancing above the resistance, all which came to no avail. This protracted struggle of the British pound exemplifies diminishing bullish bias in the market and could [...]

The remarkable, bullish run of the euro might be temporarily put on pause in light of the recent strengthening of the dollar. This does not necessarily imply that there would be a complete trend reversal on all currency pairs involving the euro. Rather, the shifting buying and selling pressures between the two most popular currencies could cause temporary disruptions and the development of minor corrections. [...]

Recently, the NZDJPY pair attempted to break down below a massive range, which has been prevalent for the most part since early-June. The attempt amounted to nothing more than a false breakdown, as the price action quickly rebounded yesterday. The pair is now ready to re-enter the area of the range once again. Such erratic fluctuations are not uncommon for range-trading environments, which can be exploited [...]

The AUDUSD pair is nearing a crucial resistance level, which has been prevalent since February 2019. Such levels of support and resistance with historic significance typically act as turning points for the direction of the underlying price action, as traders usually bet on their continued prevalence. In other words, traders who anticipate a rebound from such a prominent price level are likely to construct [...]

The pound has been performing quite well over the past several weeks, despite the detrimental GDP numbers for the second quarter, protracted Brexit woes, and the persisting threat of a second coronavirus wave. Even still, the GBPCAD pair established a minor bearish correction over the last couple of weeks, which could represent one of two things – either a temporary disruption in the development of a [...]

The CADJPY has advanced by more than 3.5 per cent since the beginning of August, and the peak of this bullish run was reached yesterday when the pair tested the strength of a psychologically important Fibonacci retracement level. Similarly to the last time the pair traded around a prominent level, the price action is once again quite likely to rebound and establish at least a minor correction. [...]

The remarkable, bullish run of the euro is temporarily suspended, with a possibility for a complete trend reversal. The EURGBP pair has been falling since the 28th of July, and the price action is currently concentrated below a major Fibonacci retracement level, which begs the question if a bigger dropdown is possible to develop at the present rate. [...]

The NZDUSD pair has been advancing in a solid uptrend since late-March, as the dollar started to lose its status as the most sought-after currency during the tumultuous times of the coronavirus crisis. Yet, this ostensibly bullish sentiment in the market could be affected in adverse ways this week because of major economic releases in the US and New Zealand. [...]